Pallas Capital Advisors LLC Acquires Shares of 268 Fair Isaac Co. (NYSE:FICO)

Pallas Capital Advisors LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 268 shares of the technology company’s stock, valued at approximately $494,000.

Other hedge funds have also added to or reduced their stakes in the company. City Holding Co. grew its position in shares of Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company’s stock worth $109,000 after buying an additional 6 shares during the period. Portside Wealth Group LLC grew its position in shares of Fair Isaac by 11.0% in the 1st quarter. Portside Wealth Group LLC now owns 171 shares of the technology company’s stock worth $315,000 after buying an additional 17 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Fair Isaac by 9.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 996 shares of the technology company’s stock worth $1,837,000 after buying an additional 88 shares during the period. Wedmont Private Capital grew its position in shares of Fair Isaac by 9.9% in the 1st quarter. Wedmont Private Capital now owns 323 shares of the technology company’s stock worth $610,000 after buying an additional 29 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Fair Isaac in the 1st quarter worth about $239,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,783.85 on Friday. Fair Isaac Co. has a fifty-two week low of $1,358.24 and a fifty-two week high of $2,402.52. The firm has a market capitalization of $43.42 billion, a P/E ratio of 81.87, a PEG ratio of 3.27 and a beta of 1.29. The stock’s fifty day moving average is $1,889.97 and its two-hundred day moving average is $1,925.94.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company earned $6.14 EPS. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FICO. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Oppenheimer upped their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,304.15.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,956 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $74,210,495.94. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock valued at $40,543,770 over the last quarter. Company insiders own 3.46% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.